Sweetgreen, Inc. (NYSE:SG) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 81.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,070 shares of the company's stock after buying an additional 21,625 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Sweetgreen were worth $1,203,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in shares of Sweetgreen by 3,571.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company's stock valued at $33,000 after buying an additional 1,000 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Sweetgreen by 156.0% during the 4th quarter. Headlands Technologies LLC now owns 1,216 shares of the company's stock worth $39,000 after acquiring an additional 741 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Sweetgreen by 45.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company's stock valued at $50,000 after acquiring an additional 494 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Sweetgreen in the fourth quarter valued at approximately $53,000. Finally, Thematics Asset Management acquired a new stake in Sweetgreen in the fourth quarter valued at approximately $69,000. 95.75% of the stock is owned by hedge funds and other institutional investors.

Sweetgreen Stock Performance

NYSE SG traded down $0.22 during trading hours on Wednesday, reaching $14.34. The stock had a trading volume of 4,132,753 shares, compared to its average volume of 3,775,152. The stock has a market cap of $1.68 billion, a P/E ratio of -18.63 and a beta of 2.06. Sweetgreen, Inc. has a 52-week low of $11.86 and a 52-week high of $45.12. The stock has a fifty day moving average of $14.96 and a 200 day moving average of $22.97.

Sweetgreen (NYSE:SG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.21) earnings per share for the quarter, meeting the consensus estimate of ($0.21). Sweetgreen had a negative return on equity of 19.72% and a negative net margin of 13.04%. The company had revenue of $166.30 million during the quarter, compared to analysts' expectations of $164.68 million. During the same period last year, the business earned ($0.23) earnings per share. Sweetgreen's quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts forecast that Sweetgreen, Inc. will post -0.74 EPS for the current year.

Insiders Place Their Bets

In other Sweetgreen news, CFO Mitch Reback sold 10,088 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.23, for a total transaction of $153,640.24. Following the transaction, the chief financial officer directly owned 334,421 shares of the company's stock, valued at $5,093,231.83. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Clifford Burrows bought 19,200 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $13.11 per share, with a total value of $251,712.00. Following the purchase, the director directly owned 19,200 shares of the company's stock, valued at approximately $251,712. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SG has been the topic of a number of recent analyst reports. UBS Group reduced their price target on Sweetgreen from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company restated an "overweight" rating and set a $19.00 target price on shares of Sweetgreen in a research note on Tuesday. Piper Sandler reduced their target price on Sweetgreen from $27.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Barclays began coverage on Sweetgreen in a research note on Friday, June 6th. They issued an "equal weight" rating and a $16.00 price target for the company. Finally, Morgan Stanley dropped their price target on Sweetgreen from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Sweetgreen currently has an average rating of "Hold" and a consensus target price of $25.23.

Sweetgreen Company Profile

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.